Mon Sep 23 17:00:23 UTC 2024: ## Greenpoint Luxury Building Secures $159 Million Refinancing
**BROOKLYN, NY -** The Greenpoint, a 40-story, 368-unit luxury apartment building in Brooklyn, has secured a $159 million refinancing loan, according to Commercial Observer. The loan was provided by Apollo Global Management, with Newmark facilitating the arrangement.
The Greenpoint, developed by Mack Real Estate Group and the State Teachers Retirement System of Ohio, opened in 2018 and features luxury apartments with stunning Manhattan views. Units range from studios to three-bedrooms with average rents from $4,000 to $8,500 per month. The building boasts a range of amenities, including a parking garage, yoga room, lounge, sundeck, fitness center, children’s room, and residents’ lounge. Additionally, the property includes over 46,000 square feet of commercial space.
Jordan Roeschlaub, co-president of global debt and structured finance at Newmark, highlighted the refinancing as a testament to the continued investment in high-quality residential and commercial spaces in New York City, particularly in Brooklyn.
The Greenpoint is a prominent example of the growing luxury residential market in Brooklyn, attracting both residents and investors alike. The refinancing demonstrates confidence in the property’s continued success and its contribution to the evolving urban landscape of the borough.
First Piper 